Why Study Economics? - The study of economics assists individuals to be independent and be practical individuals. This is possible through the application of practical approaches to emerging issues and providing solutions to deny problems.
The future value (FV) is the value that a certain amount of money that we currently hold or that we decide to invest in a certain project will have in the future.
The future value (FV) allows us to calculate how the value of the money that we currently have (today) will change considering the different investment alternatives that we have available. In order to calculate the FV we need to know the value of our money at the current moment and the interest rate that will be applied in the coming periods.